Nat le Roux is stepping down as chief executive of spread betting company IG Group to “do something completely different”.
Tim Howkins, the finance director, becomes the new chief executive.
Mr Le Roux, 49, will remain on the board as non-executive deputy chairman and do some consultancy work for IG one day a week dealing with several [...]

The £800m flotation of CMC Markets was shelved at the 11th hour last night as the online financial trading group became the latest company to pull its float due to stock market turbulence.
The company, which specialises in contracts for difference (CFDs) for retail investors, had been due to price its initial public offering last night. [...]

Record numbers of people are putting their money into share spread betting, according to Angus Campbell, head of sales and marketing at spread betters Finspreads.
The recent volatile stock market has resulted in an upturn in traders trying to profit through the method of low-cost gambling on stock price movement.
Last Thursday’s close of market was almost [...]

Paul Davidson, the former pipe-fitter turned entrepreneur known as The Plumber, emerged triumphant from his long legal battle with the Financial Services Authority when a tribunal yesterday cleared him of market abuse.
Mr Davidson had challenged the FSA’s decision to fine him £750,000 as a result of the events surrounding the flotation of a tiny private [...]

James Quinn meets a man whose family will net the thick end of £260m but who will stay at CMC’s helm.
Peter Cruddas is a man on a mission. One that is by no means complete. Having set up online financial trading firm CMC Markets in 1989 with just £10,000, and, despite his 52 years of [...]